Public Disclosure Copy The World Bank Implementation Status & Results Report ID-Geothermal Energy Upstream Development (P155047) ID-Geothermal Energy Upstream Development (P155047) EAST ASIA AND PACIFIC | Indonesia | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2017 | Seq No: 16 | ARCHIVED on 15-Apr-2024 | ISR60284 | Implementing Agencies: PT Geo Dipa Energi, PT Sarana Multi Infrastruktur (Persero), PT Sarana Multi Infrastruktur (Persero) Key Dates Key Project Dates Bank Approval Date: 09-Feb-2017 Effectiveness Date: 04-Aug-2017 Planned Mid Term Review Date: 31-Jan-2020 Actual Mid-Term Review Date: 14-Jan-2020 Original Closing Date: 31-Dec-2022 Revised Closing Date: 31-Dec-2025 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The PDO is to facilitate investment in geothermal power generation and reduce greenhouse gas emissions. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Risk Mitigation for Geothermal Exploration Drilling:(Cost $98.00 M) Capacity Building on Geothermal Exploration and Environmental and Social Safeguards Management Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The Geothermal Energy Upstream Development Project (GEUDP) was approved in February 2017 and became effective in August 2017. Since Project approval, the Project underwent two restructurings in 2020 and 2021. The Project restructuring extended the Clean Technology Fund (CTF) and the Global Environment Facility (GEF) grants closing dates from December 31, 2022 to December 31, 2025. The other changes in the Project restructuring included to (i) introduce PT Geo Dipa Energi (PT GDE) as the second Implementing Agency, (ii) downscale the number of exploration drilling subproject from the five-six estimated at Project approval to a new target of four, (iii) update the targets and timelines of the Project Development Objectives (PDO) and intermediate indicators according to these changes, and (iv) reflect changes in the drilling strategy in the intermediate indicators. The third Project restructuring has just been completed in March 2024 to provide that: i) the subproject in the Waesano site will no longer be eligible for financing under the GEUDP; ii) the number of subprojects targeted under the Project will be scaled down to only one subproject; and iii) relevant changes to the Result Framework will be adopted. 4/15/2024 Page 1 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report ID-Geothermal Energy Upstream Development (P155047) Currently, Jailolo (Halmahera Island, North Maluku) is the prospect under the Technical Assistance (TA) Phase of the GEUDP. Only the prospect that is graduated from the TA Phase will continue to the Investment Drilling Phase. The decision for Jailolo to continue to the Investment Drilling Phase is expected by end of May 2024. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial Moderate Moderate Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Substantial Substantial Substantial Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and Substantial Substantial Substantial Sustainability Fiduciary Substantial Moderate Moderate Environment and Social Substantial High High Stakeholders Substantial High High Other -- -- -- Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes To facilitate investment in geothermal power generation IN01418467 ►Electric power generation capacity enabled through the issuance of geothermal development licenses (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 This indicator reflects the new generation capacity enabled under the Project. After restructuring, the number of subproject numbers is scaled down from four to one, with an assumption that the site will have successful exploration drilling to prove the existence of at least 10 MW geothermal resource for power Comments: development. At this ISR, no exploration has been completed to claim the progress of this indicator. IN01418596 ►Commercial capital mobilized for investment in geothermal power generation (million) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target 4/15/2024 Page 2 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report ID-Geothermal Energy Upstream Development (P155047) Value 0.00 0.00 0.00 40.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 This indicator looks at the expected commercial capital mobilized as a result of the project interventions. After restructuring, the target of generation capacity enabled by the Project is scaled down from 65 MW to 10 MW, with an assumption of US$4 million per MW (reflecting an increase of geothermal development cost) will be required to develop a full geothermal subproject. The previous assumption at the Project Comments: design was US$3 million per MW. At this ISR, no exploration has been completed to enable new geothermal generation capacity with the expected commercial capital mobilized. To reduce greenhouse gas emissions IN01418468 ►Estimated GHG emission reduction compared to a business-as-usual baseline (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50,770.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 This indicator reflects the outcome of the GHG accounting exercise based on 10 MW of new generation capacity enabled under the Project. The calculation indicates that 1 MW of capacity will reduce GHG emissions by 5,077 metric tons of CO2 equivalent per year. Comments: At this ISR, no exploration has been completed to enable a new generation capacity and expect avoided GHG emissions. Overall Comments PDO The revision of these PDO level indicators is the implication of the reduced size of the Project (reducing the number of subproject from four to one and reducing the expected generation capacity enabled by the Project). Intermediate Results Indicators by Components Risk Mitigation for Geothermal Exploration Drilling IN01418469 ►Total generating capacity-equivalent of steam yield from all wells drilled when converted to equivalent standard diameter well production (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 This indicators tracks the total generating capacity-equivalent of steam yields expected. The assumption is that two wells will be drilled for the subproject. It is assumed that GEUDP will get 1 successful well with Comments: steam yield of 3 MW/well. At this ISR, no exploration well has been drilled to be measured under this indicator. IN01418597 ►Average generating capacity-equivalent of steam yield per well drilled when converted to equivalent standard diameter well production (Megawatt, Custom) 4/15/2024 Page 3 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report ID-Geothermal Energy Upstream Development (P155047) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 This indicators tracks the average generating capacity-equivalent of steam yields expected. It is assumed that steam yields from productive wells will range from 3 to 10 MW with a (conservative) average of 3 MW. Comments: At this ISR, no exploration well has been drilled to be measured under this indicator. IN01418598 ►Issuance of geothermal development licenses (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 0.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 This indicator tracks the number of geothermal development licenses issued. Comments: IN01418599 ►Estimated increase in the number of connected households for the associated local electricity networks (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 17,900.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 This indicator measures the planned increase in access enabled through the Project. The underlying assumptions are: 1 MW plant capacity, with 92% capacity factor, produces 8,059 MWh/year, 20% of which serving electrification needs, with an average consumption level of 900 kWh/y/residential consumer (intended as household). The actual planned increase in number of consumer connections will be Comments: deduced from PLN’s distribution planning for the local electricity networks. At this ISR, no exploration site has been completed to enable the geothermal power plant development and to provide estimate increased of new household connection. IN01418600 ►Estimated direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 71,600.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 The subproject which is able to complete the exploration drilling successfully will enable additional electricity generation capacity. The additional generation capacity will be connected to households with assumption of 4 family members per household who will be direct beneficiaries of this project. Comments: At this ISR, no exploration site has been completed to enable additional electricity generation capacity and connect the households. IN01418604 Estimated female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 IN01418601 ►Delivery of Inferred Resource Capacity Reports by Exploration Management Team (Number, Custom) 4/15/2024 Page 4 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report ID-Geothermal Energy Upstream Development (P155047) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 This indicator tracks the number of reports delivered by the Implementing Agency, based on the identified 1 sub-project under this Project. Comments: At this ISR, no exploration has been completed and no resource report has been produced. IN01418602 ►Villages located next to exploration sites with at least one public consultation held (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 This indicator supports tracking of Citizen Engagement by measuring percentage of sub-project affected villages which have received public consultation from the Implementing Agency. Comments: At this ISR, the indicator was measured based on the public consultation activities completed by the Implementing Agency to all affected villages in Jailolo site. IN01418603 ►Share of public consultations segregated by gender (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 12.00 12.00 50.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 This indicator supports tracking of gender action which is measured from attendance list of public consultation events. Comments: At this ISR, the indicator was measured from the public consultation carried out in the Jailolo site. Capacity Building on Geothermal Exploration and Environmental and Social Safeguards Management IN01418470 ►Practice guides for safeguards implementation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2.00 Date 01-May-2017 31-Dec-2022 31-Mar-2024 31-Dec-2025 This indicator tracks the number of practice guides that will inform safeguards implementation under the Project. Two guides have been identified and being prepared: 1) Stakeholder Engagement and FPIC Comments: Guideline and 2) Safety Protocol for the H2S Risk during the Exploration Drilling and Well Testing. At this ISR, no report has been completed. Performance-Based Conditions 4/15/2024 Page 5 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report ID-Geothermal Energy Upstream Development (P155047) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P161644 TF-A4086 Effective USD 6.25 6.25 0.00 6.02 0.23 96% P155047 TF-A4089 Effective USD 49.00 49.00 0.00 8.24 40.76 17% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P161644 TF-A4086 Effective 09-Feb-2017 07-Mar-2017 04-Aug-2017 31-Dec-2022 31-Dec-2025 P155047 TF-A4089 Effective 09-Feb-2017 07-Mar-2017 04-Aug-2017 31-Dec-2022 31-Dec-2025 Cumulative Disbursements Restructuring History Level 2 Approved on 18-Apr-2021 ,Level 2 Approved on 25-May-2021 ,Level 2 Approved on 29-Mar-2024 Related Project(s) 4/15/2024 Page 6 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report ID-Geothermal Energy Upstream Development (P155047) P161644-ID-Geothermal Energy Upstream Development 4/15/2024 Page 7 of 7